Sr. Underwriter/Underwriting Specialist, Cyber Liability

About the position With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠. Position Summary: This position is responsible for the submission generation, underwriting and policy issuance of Cyber & Technology Liability accounts with potential to work on Miscellaneous Professional Accounts as well. This will be a hybrid (3 days in office) role in NY, NY 10036. Position offered (Senior Underwriter or Underwriting Specialist) will be dependent upon the individual candidate’s qualifications.

Responsibilities

• Build strong long term profitable relationships with agents, brokers and policy holders.
• Evaluate applications and related materials to determine acceptability of risks in accordance with company guidelines and standards.
• Determine the need for additional evidence of insurability.
• Participate in underwriting calls with clients and brokers to assess client’s cybersecurity controls
• Exercise judgment, negotiation and sound business decision making based on level of authority.
• Prepare quotes and answer questions from brokers, policyholders or other external contacts and escalate issues to management along with proposed solutions as necessary.
• Provide acceptable level of underwriting documentation for all assigned accounts.
• Be able to articulate underwriting positions and most importantly, reasons for such positions internally and externally.
• Provide monthly forecasts for new and renewal business and regular reconciliations to such forecasts.
• Monitor new business flow, quote ratio and hit ratio from each target agency to monitor variances to plan.
• Develop strategies to correct variances with each agency.

Requirements

• Strong interpersonal and communication skills and the ability to work with management at a senior level
• Highly motivated with the ability to work independently or as part of a team
• Independent and innovative thinker with creative problem-solving skills & strategic thinking
• Strong analytical skills/judgement and mathematical skills
• Effective negotiation skills
• BA or BS, ideally with a degree/major in Risk Management & Insurance, Cyber Security, Economics, Business, Finance, or Accounting
• 3-7 years of professional lines underwriting experience (Cyber preferred)

Nice-to-haves

• Strong relationships with wholesale and/or retail Cyber brokers
• Knowledge of broader MPL classes of business is desirable

Benefits

• multiple medical plans plus dental, vision and prescription drug coverage
• a competitive 401k with generous matching
• PTO beginning at 20 days per year
• up to 12 paid company holidays per year plus 2 paid days of Volunteer Time Offer
• basic Life and AD&D Insurance as well as Short and Long-Term Disability
• Paid Parental Leave of up to 10 weeks
• Student Loan Assistance and Tuition Reimbursement, Backup Child and Elder Care

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